Top 4 Penny Stocks On Must Watchlist: ECDP, RGGI, ATDS, GRST,
Penny stocks are not every investor’s cup of tea. While trading for nominally low share prices, most are associated with poorly performing operating models, questionable balance sheets, and a significant amount of outstanding shares. Therefore, most are always considered worthless and unlikely to deliver shareholder value.
Nevertheless, that’s not always the case. There are gems in the penny stocks segment worth every penny owing to their solid long-term outlooks. Backed by unique product lines or breakthrough technology, such stocks are some of the best, as they can generate significant value.
Below are some of the smartest penny stocks worth looking at.
Echo Defense Projects Five Star North Acquisition Strengthens Outlook
Eco Depot Inc. (OTCMKTS:ECDP) is one penny stock on the move rallying by more than 100% over the past month and showing no signs of slowing down. The rally comes on the company redefining its long-term prospects and growth metrics powered by a pioneer defense technology and growing demand for advanced public safety vehicles.
The acquisition of Five Star North America is the catalyst driving Echo Defense Projects Corp up the charts on affirming its status as a technology company focused on national defense security and border control.
With the acquisition, the company has set sights on the tremendous opportunities in the public safety vehicle market.
Five Star North is an essential acquisition as it has made a name for itself in producing high-quality vehicles for law enforcement and government agencies. With the acquisition, Echo Defense Projects Corp gains access to a valuable asset that will allow it to unlock new opportunities for government defense contracts.
According to President Carlos Diericx, Five Star North integration will enhance the ability to provide leading-edge defense technology in the push to create a safer world. It also marks an important milestone in the growth story, given the revenue and innovation avenues up for grabs.
An expected surge in the procurement of law enforcement vehicles to over 130,000 presents a tremendous opportunity that Echo Defense Projects Corp will benefit from. The opportunity does not take into account the demand for specialized vehicles from the Department of Defense and transportation sectors, all of which the company can supply.
In addition, the company has affirmed plans to acquire and develop a new molecular identification development technology. The technology will greatly benefit homeland security applications by revolutionizing molecular analysis in weapons detection.
The Hybrid Radio Infrared Laser Frequency will enhance the detection of gunpowder handguns, drugs, explosives, land mines, and viruses. While the company is in the process of completing market analysis before introducing the innovative technology, it’s clear it has on its hands a valuable asset.
There is no doubt that Echo Defense Projects Corp’s future is bright following the Five Star North acquisition and the push to develop a molecular identification solution for homeland security applications.
Resgreen Group International Strengthening Revenue Streams
Amid the ever-growing push to automate almost all aspects of human life, Resgreen Group International Inc. (OTCMKTS: RGGI) is one penny stock that stands out. The company has made a name for itself as a premier provider of automated material handling solutions. Its product line includes autonomous mobile robots, automatic guided vehicles, and industrial automation devices.
Likewise, the company has received big contracts for its solutions, strengthening its revenue streams. The latest contract is with a top automotive supplier for the installation of its BigBuddy AGV and BotWay traffic management software. The contract underscores how clients are impressed by the company’s cost-effective products.
The growing number of contacts for automation solutions affirms the company’s long-term prospects, which should strengthen its sentiments on Wall Street. Likewise, the stock is a potential breakout play.
Data443 Risk Mitigation Improving Financials
In an era where privacy and data security are big business, Data443 Risk Mitigation Inc. (OTCMKTS: ATDS) is an ideal penny stock for gaining exposure in the sector. The company develops and provides data security and privacy management solutions across the United States.
Its flagship Ransomware Recovery Manager continues to affirm its prospects in the sector, supplemented by the addition of an antivirus and ransomware protection Data Placement manager. The solutions are at the heart of ensuring the safe and secure interchange of data between organizations worldwide. Consequently, the company is increasingly entrusted to offer protection data, which continues to strengthen its revenue base.
In the first quarter, Data443 Risk Mitigation delivered a 125% year-over-year increase in revenues to $1.38 million. The increase came at the back of new customer acquisitions and a high customer renewal rate. Net loss was down 60% year over year to $738,000.
Ethema Health Revenues Up $1M
For investors eyeing exposure in the healthcare sector, Ethema Health Corp (OTCMKTS: GRST) offers solid exposure with its focus on the treatment of substance use disorders. The penny stock has been making moves in the market on confirming it is on track to reach an agreement on the restructuring of debts and repayment of convertible notes. It’s also announced it is in the final stages of the acquisition of West Palm Beach real estate.
Nevertheless, the announcement that the company’s ARIA subsidiary achieved over $1 million in revenue in the last two months seems to have got the penny stock moving. The significant revenue increase is expected to propel the company to a level of new highs for profitability.